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Natural disaster and other weather risk management news and information for property & casualty insurance professionals. Tips to prepare and minimize insurance losses, as well as weather-related insurance claim updates.
‘This year, AI systems will process almost unthinkably vast amounts of property data.’
Gallagher Re: Hurricanes Helene and Milton each cost insurers $20 billion.
Roof data inaccuracies cost insurers millions in preventable losses and delayed decisions.
The U.S. comprised 78% of global insured losses in 2024.
Plan administrators say the program will make sure claims are paid, but they're not entirely sure how yet.
Triple-I: ‘Make sure your coverage is sufficient for your move and understand your options.’
With wildfires, a large portion of a carrier's insured properties are exposed to catastrophic losses all at once.
The insurance carrier committed $1 million to local relief and recovery organizations.
Policyholders need guidance when faced with higher deductibles and reduced coverage due to amplified risk.
In the wake of California’s largest ever wildfire event, the insurer decided to change course on policy renewals.